Heico Corporation (NYSE:HEI) Receives $374.56 Consensus Target Price from Analysts

Heico Corporation (NYSE:HEI) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $374.5625.

HEI has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $410.00 target price (up from $375.00) on shares of Heico in a research note on Thursday, May 28th. Morgan Stanley set a $370.00 price target on shares of Heico in a research report on Wednesday. Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Weiss Ratings raised Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Citigroup reissued a “buy” rating and issued a $410.00 price objective (up from $403.00) on shares of Heico in a research note on Wednesday, July 1st.

Heico Stock Performance

NYSE:HEI opened at $342.58 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. Heico has a fifty-two week low of $256.11 and a fifty-two week high of $369.48. The company has a 50 day simple moving average of $330.56 and a two-hundred day simple moving average of $317.80. The company has a market capitalization of $47.84 billion, a PE ratio of 61.18, a P/E/G ratio of 3.55 and a beta of 1.03.

Heico (NYSE:HEI) last issued its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $1.12 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Research analysts anticipate that Heico will post 5.95 earnings per share for the current year.

Heico Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.13 dividend. This represents a yield of 7.0%. The ex-dividend date was Wednesday, July 1st. Heico’s payout ratio is presently 4.64%.

Insider Transactions at Heico

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. acquired a new stake in Heico in the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC increased its stake in Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Heico during the fourth quarter valued at about $32,000. V Square Quantitative Management LLC acquired a new position in shares of Heico during the fourth quarter valued at about $37,000. Finally, FNY Investment Advisers LLC boosted its position in shares of Heico by 862.5% during the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.